Zacks: Pacific Coast Oil Trust (NYSE:ROYT) Given Average Rating of “Hold” by Analysts

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Pacific Coast Oil Trust (NYSE:ROYT) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus price target of $2.00 for the company and are anticipating that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pacific Coast Oil Trust an industry rank of 100 out of 256 based on the ratings given to its competitors.

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Pacific Coast Oil Trust during the fourth quarter worth approximately $35,000. Regal Investment Advisors LLC acquired a new stake in shares of Pacific Coast Oil Trust during the first quarter worth $31,000. Finally, Marshall Wace LLP acquired a new stake in shares of Pacific Coast Oil Trust during the first quarter worth $47,000. Institutional investors and hedge funds own 13.24% of the company’s stock.

Shares of Pacific Coast Oil Trust stock opened at $2.20 on Tuesday. The stock has a market capitalization of $84.50 million, a price-to-earnings ratio of 7.30 and a beta of 2.02. Pacific Coast Oil Trust has a 52 week low of $1.48 and a 52 week high of $2.95. The company has a 50 day moving average of $2.16.

Pacific Coast Oil Trust (NYSE:ROYT) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter. The company had revenue of $11.60 million for the quarter. Pacific Coast Oil Trust had a net margin of 21.05% and a return on equity of 5.41%. On average, equities analysts forecast that Pacific Coast Oil Trust will post 0.22 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 5th will be given a dividend of $0.0207 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 11.31%. Pacific Coast Oil Trust’s dividend payout ratio (DPR) is presently 100.00%.

Pacific Coast Oil Trust Company Profile

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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